Danske Research Team
Danske Bank A/S
Interested in more FX key technical levels? Take a look at Swissquote's daily technical outlook.
EUR/USD
Drifting within a narrow range above the 1.1465 support but the downside seen vulnerable following rejection from the 1.1616 high. Break will trigger deeper pullback to the 1.1400 and 1.1370 area. Upside see resistance at 1.1540 and lift over this needed to see scope for retest of the 1.1616 high. [PL]
USD/CHF
Higher to retrace the drop from .9797 high to reach .9590 high and see scope to the .9605 resistance. Clearance here will see scope for stronger recovery .9657 then the .9700 level. Bull divergence on daily tools supportive of recovery with support now at the .9515/00 area. [PL]
USD/JPY
Firm in range above the 106.25 low and consolidation seen giving way to renewed strength. Above the 107.46 high and 107.63 resistance will clear the way for recovery above the 108.00 level. Support now at 106.25/00 area only below this expose 105.55 low to retest. [PL]
EUR/CHF
Back to pressure the upside and see scope to retest range high at 1.1016. Clearance here will trigger stronger recovery to 1.1061 resistance then the 1.1100 level. Support at 1.0955 protecting the downside and see break here needed to trigger deeper pullback to 1.0930/00 area. [PL]
GBP/USD
Reversal from this week's high of 1.4770 in the appearance of a Key-reversal pattern is helping to retain downside pressure and slippage below 1.4460 support will trigger further setback to 1.4420/03 ahead of 1.4300. [W.T]
EUR/GBP
Settling back from the .7947 high and dips see support starting at .7893 then .7866. Would take break of the latter to swing focus lower and see return to .7822/00 area. Clearing the .7947 high, but not seen for now, needed to see strength to target the .8000 level. [PL]
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